Wabtec reports higher profit, raises full-year outlook

JohnSpence

BOSTON (MarketWatch) -- Wabtec Corp.
WAB, +0.35%
before Thursday's opening bell said its first-quarter net income rose to $32.5 million, or 66 cents a share, from $25.5 million, or 52 cents a share, in the year-ago quarter. The company, which manufactures equipment for the rail industry, raised its full-year outlook to $2.55 a share from $2.50. Wall Street analysts had forecast first-quarter profit of 60 cents a share, and are looking for earnings of $2.53 a share for 2008.

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